Industry

I'm hoping to move into banking, covering TMT. I'm currently a freshman.

I've been given the opportunity to work at a small boutique bank for the summer, unpaid. Dealflow actually exists, although the clients are fairly small.

I also have a shot at working at more prominent boutique firms, such as Greenhill and Baird, but I'm pretty sure that's not happening anymore, with the market as is.

My other option is interning in marketing, at someplace like Cisco or Oracle. I'm not sure if it's paid, but I'd learn a lot, and I've been working several jobs throughout high school to help support it. I'm going into a tech startup for the spring semester.

Please forgive me if this is overly simple, I am new to finance and had a quick question.

I have heard that certain multiples are more applicable to use when valuing companies in a certain industry. For example, for industry X, it is generally better to use EV/EBITDA rather than P/E.

Is it possible for someone to explain this concept a little? Which measurements are generally used for which industries, and why?

thanks in advance

http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy

"The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich...

Yesterday the 37-year-old told his clients that he had hated the business and had only been in it for the money. And after declaring he would no longer manage money for other people, because he had enough of his own, Lahde said that instead he intended to repair his stress-damaged health; he made it clear he would not miss the financial world."

I'm an analyst in an industry group, and have not gotten much modeling experience. A lot putting together information from research, doing company profiles, etc, which is fine except I'm worried that I won't be well equipped for PE interviews when they come early next year and ask for LBO or merger models. Anyone also in this situation? Advice? thanks.